Asheville Savings Bank, S.S.B.

Headquarters

11 Church Street
Asheville, NC 28801
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Asheville Savings Bank, S.S.B. is an FDIC insured institution located in Asheville, NC. It was founded in 1936 and has approximately $0.8 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29663
Date Established 1936
Assets $ 799.85 million
Loans $ 614.71 million
Deposits $ 683.85 million
Capital $ 79.13 million
 

For a more detailed analysis of Asheville Savings Bank, S.S.B.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Asheville Savings Bank, S.S.B.

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
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Note to Asheville Savings Bank, S.S.B.
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Branches

Asheville Savings Bank, S.S.B. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Asheville Savings Bank, S.S.B. Locations


Financial Details

Asheville Savings Bank, S.S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Asheville Savings Bank, S.S.B.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Asheville Savings Bank, S.S.B. U.S. Bank Average
5.82% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Asheville Savings Bank, S.S.B. had $386,000 in non-current loans and $4,609,000 in owned real estate. To cover these potential losses it had $79,131,000 in equity and $6,685,000 in loans loss reserves. That gives it a Texas Ratio of 5.82%.

Return on Equity
Asheville Savings Bank, S.S.B. U.S. Bank Average
7.12% 7.80%

Asheville Savings Bank, S.S.B. has a Return on Equity of 7.12% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Asheville Savings Bank, S.S.B. U.S. Bank Average
9.89% 12.68%

Asheville Savings Bank, S.S.B. has a Capitalization of 9.89% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Asheville Savings Bank, S.S.B. Balance Sheet Analysis

As of September 30, 2017, Asheville Savings Bank, S.S.B. had assets of $796,362,000, loans of $614,707,000, and deposits of $683,848,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 614.71 million
Loan loss allowance $ 6.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.61 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 683.85 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 799.85 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Asheville Savings Bank, S.S.B.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in North Carolina, Asheville Savings Bank, S.S.B. has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 42.34
Multifamily
Mortgages
3.83
Credit Card Loans 0.00
Consumer Auto Loans 2.35
Small Business Loans 0.00
Construction and Development Loans 8.61
Commercial Real Estate 39.27
Commercial and Industrial Loans 4.34
Farm Loans 0.00

Frequently Asked Questions About Asheville Savings Bank, S.s.b.

Branches and Savings

Is Asheville Savings Bank, S.s.b. FDIC insured?

Yes. It is covered under FDIC Certificate #29663.

Why does Asheville Savings Bank, S.s.b. pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Asheville Savings Bank, S.s.b. CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Asheville Savings Bank, S.s.b. a commercial bank?

Yes

Where are Asheville Savings Bank, S.s.b. locations?

See branch locations nearby.

Is Asheville Savings Bank, S.s.b. open on Saturdays?

Is Asheville Savings Bank, S.s.b. open on Sundays?

What time does Asheville Savings Bank, S.s.b. open?

What time does Asheville Savings Bank, S.s.b. close?

Are Asheville Savings Bank, S.s.b. ATMs Open 24/7?

Do Asheville Savings Bank, S.s.b. ATMs accept cash deposits?

Can Asheville Savings Bank, S.s.b. customers use other ATMs?

Do Asheville Savings Bank, S.s.b. branches have notaries?

Will Asheville Savings Bank, S.s.b. notarize my document?

What address for Asheville Savings Bank, S.s.b. should I put for incoming ACH transfers?

Will the Asheville Savings Bank, S.s.b. branch print checks?

Do Asheville Savings Bank, S.s.b. checks expire?

Does Asheville Savings Bank, S.s.b. require US citizenship to open account?

Can Asheville Savings Bank, S.s.b. close my account?

Does Asheville Savings Bank, S.s.b. Report to credit bureaus?

Does Asheville Savings Bank, S.s.b. Use Equifax?

What is Asheville Savings Bank, S.s.b.'s ACH Routing Number?

What is Asheville Savings Bank, S.s.b.'s SWIFT code?

Products

Does Asheville Savings Bank, S.s.b. offer mortgages?

Compare mortgage rates here.

Does Asheville Savings Bank, S.s.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Asheville Savings Bank, S.s.b. offer personal loans?

Compare personal loan rates here.

Does Asheville Savings Bank, S.s.b. offer student loans?

Will Asheville Savings Bank, S.s.b. cash a check?

Will Asheville Savings Bank, S.s.b. redeem a savings bond?

Does Asheville Savings Bank, S.s.b. cash savings bonds?

Will Asheville Savings Bank, S.s.b. cash money orders?

Can Asheville Savings Bank, S.s.b. issue a money order?

Does Asheville Savings Bank, S.s.b. do currency exchange?

Background on The Bank

Who owns Asheville Savings Bank, S.s.b.?

How long has Asheville Savings Bank, S.s.b. been around?

Can Asheville Savings Bank, S.s.b. transfer to other banks?

Does Asheville Savings Bank, S.s.b. have quick pay?

Does Asheville Savings Bank, S.s.b. accept rolled coins?

Will Asheville Savings Bank, S.s.b. accept loose change?

Where is Asheville Savings Bank, S.s.b. headquarters?

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